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Cornerstone Accelerates Momentum in Content with Acquisition of Grovo

Cornerstone OnDemand (NASDAQ:CSOD), a global leader in cloud-based learning
and human capital management software, today announced that the
Company signed a definitive agreement to acquire Grovo Learning, Inc.,
the leading provider of micro-learning content, for $24 million in an
all-cash deal, subject to certain closing adjustments. The acquisition
of Grovo is expected to close in the fourth quarter of 2018.

Founded in 2010, Grovo has produced over 2,500 micro-learning courses
across a range of topics. Grovo has over 300 clients, including Gap
Inc., Hulu, Chevron and Wells Fargo (News - Alert), with offices in New York City and
San Francisco.

"The acquisition of Grovo helps fulfill the vision we had on day one for
Cornerstone to improve access to education on a global basis. As leaders
in learning, we know that Grovo has some of the most innovative training
content in the world," said Adam Miller, Cornerstone's founder and CEO.
"United with our state-of-the-art Learning suite and our Content Anytime
subscription offerings, the combination with Grovo places Cornerstone in
a league of its own."

In conjunction with this acquisition, Cornerstone also announced an
expansion of its Content Anytime subscription offerings. Content Anytime
is a content subscription service that enables organizations to provide
their employees with fresh, modern content that puts them in control of
their own career development. The subscriptions support all types of
modern learning formats, from micro-learning (shorter, easily consumable
courses) to macro-learning (deeper mastery of a subject or skill) to
spaced-learning (courses broken into sections, with timed intervals for
questioning in between). Cornerstone continually adds and refreshes
course content by combining insights from nearly 20 years of learning
and development expertise and the most in-demand, user-driven content
recommendations informed by usage data and feedback from Cornerstone's
massive community.

Starting today, Cornerstone will offer a range of subscriptions beyond
its popular Content Anytime Essentials offering, including thematic
subscriptions for compliance and digitaltransformation, as well as
regional subscriptions for France, Germany and Spain. Cornerstone
expects to incorporate Grovo content across its Content Anytime
subscription service.

Cornerstone will discuss the acquisition of Granite on its third quarter
2018 earnings conference call scheduled for today.

Forward-Looking Statements

This press release contains forward-looking statements about the
expectations, beliefs, plans, intentions and strategies of Cornerstone
relating to its acquisition of Grovo. Such forward-looking statements
include statements regarding future product offerings; expected benefits
to Cornerstone and its customers; expected financial impact of the
acquisition on Cornerstone; and plans regarding the integration of
Grovo's products with Cornerstone's. These statements reflect the
current beliefs of Cornerstone and are based on current information
available to Cornerstone as of the date hereof, and Cornerstone does not
assume any obligation to update the forward-looking statements provided
to reflect events that occur or circumstances that exist after the date
on which they were made. The ability of Cornerstone to achieve these
business objectives involves many risks and uncertainties that could
cause actual outcomes and results to differ materially and adversely
from those expressed in any forward-looking statements. These risks and
uncertainties include the failure to achieve expected synergies and
efficiencies of operations between Cornerstone and Grovo; the ability of
Cornerstone and Grovo to successfully integrate their respective market
opportunities, technology, products, personnel and operations; the
failure to timely develop and achieve market acceptance of combined
products and services; the potential impact on the business of Grovo as
a result of the acquisition; the loss of any Grovo customers; the
ability to coordinate strategy and resources between Cornerstone and
Grovo; the ability of Cornerstone and Grovo to retain and motivate key
employees of Grovo; general economic conditions; as well as those risks
and uncertainties included under the captions "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and Results
of Operations" in Cornerstone's Form 10-Q filed with the Securities and
Exchange Commission on August 7, 2018 for the quarter ended June 30,
2018, which is available on the Investor Relations section of our
website at csod.com and
on the SEC (News - Alert) website at www.sec.gov.

About Grovo

Grovo is the world's leading Microlearning solution, providing modern
learning that employees actually like. Grovo helps L&D teams engage
employees and drive their business forward by delivering a constantly
evolving library of customizable Microlearning lessons through an
easy-to-use platform. Hundreds of companies of all sizes, from PepsiCo
and Gap to Bitly and Magellan (News - Alert) Health, trust Grovo to onboard employees
faster, deepen their leadership bench, enable customer-facing teams,
re-envision compliance programs and build inclusive, mission-driven
cultures. Learn more at grovo.com.

About Cornerstone OnDemand

Cornerstone was founded with a passion for empowering people through
learning and a conviction that people should be your organization's
greatest competitive advantage. Cornerstone is a global human capital
management leader with a core belief that companies thrive when they
help their employees to realize their potential. Putting this belief
into practice, Cornerstone offers solutions to help companies
strategically manage and continuously develop their talent throughout
the entire employee lifecycle. Featuring comprehensive recruiting,
personalized learning, development-driven performance management, and
holistic HR planning, Cornerstone's human capital management platform is
successfully used by more than 3,400 global clients of all sizes,
spanning over 38 million users across 192 countries and 43
languages. Learn more at csod.com.